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the kes hits 83-are cbk concerned about inflation?
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Cde Monomotapa
#11 Posted : Thursday, March 03, 2011 11:07:34 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Sufficiently Philanga....thropic wrote:
Time to demand payment in USD from your clients/debtors/employers!

All the best with that, lol!!
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Pierce
#12 Posted : Tuesday, March 08, 2011 9:37:20 AM
Rank: Veteran

Joined: 3/16/2009
Posts: 1,464
It's almost catastrophic for net importers....ask me!!Pray
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Wa_ithaka
#13 Posted : Tuesday, March 08, 2011 9:42:52 AM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Another reason not to support Ndungu as governor. Dude is sleeping on the job.
Interest rates should be going up to cushion the economy from higher fx rate but also inflation which will almost certainly go higher given current drought
The Governor of Nyeri - 2017
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hisah
#14 Posted : Tuesday, March 08, 2011 10:47:14 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
http://www.businessdaily...8/-/h68k4c/-/index.html

I'm waiting to see how KE will achieve 6% GDP target this year at this rate and even sustain it...

I'm waiting to see how MPC will also keep the CBR at 5.75% or lower it with inflation charging through the roof.

I'm waiting to see how CBK will keep treasury bills/bond rates down with inflation pressures increasing the budget gap.

I'm also waiting to see how banks will keep their lending rates down with inflation risks increasing.

I'm waiting to see how a weak shilling will benefit a net importing nation - manufacturing input costs and farming costs with looming drought likely to spike food importation demand. Note global food inflation is near all time highs of 2008.

I'm waiting to see how long the fuel price controls hold out the raging global oil inflation. How can you control what you don't produce...?

Oh, those budget and trade deficits will hurt... But I like economics since you can always 'tweak' one time spikes if the math doesn't arrive at your intended answer. This is why I dislike accounting, cooking figures is NOT permitted ;-)
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana
#15 Posted : Tuesday, March 08, 2011 11:02:50 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
KQ:
- The assets will rise in value [since the planes are 'priced' in US$ then converted to KES on the balance sheet [Forex Assets > Forex Liabilities]
- KQ will suffer from the RISE in fuel costs [unless 100% hedged] both in rise in Oil Prices & KES/US$.
- All I can hope for is that Ethiopian suffers a blow as well. Ethiopian has a free hand but the economy is controlled.
- KQ is screwed until JKIA is expanded. That is a long-term solution.

Exporters:
- Horticulture firms may earn more KES for the US$, £ or € but the INCREASED cost of freight [due to KES depreciation & fuel price increases] will hurt them as well.
- Drought has hurt production.
- Use of diesel to power irrigation pumps has also hurt production.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kizee1
#16 Posted : Wednesday, March 09, 2011 10:07:15 AM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
still going..seeing 83.50/60
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hisah
#17 Posted : Wednesday, March 09, 2011 3:50:04 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
kizee1 wrote:
still going..seeing 83.50/60


Ksh 90 is the break off point...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kizee1
#18 Posted : Wednesday, March 09, 2011 3:53:26 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
hisah wrote:
kizee1 wrote:
still going..seeing 83.50/60


Ksh 90 is the break off point...

BLASPHEMY!
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Cde Monomotapa
#19 Posted : Wednesday, March 09, 2011 6:07:12 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
kizee1 wrote:
hisah wrote:
kizee1 wrote:
still going..seeing 83.50/60


Ksh 90 is the break off point...

BLASPHEMY!

Tihihi...
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story teller
#20 Posted : Wednesday, March 09, 2011 6:14:27 PM
Rank: Member

Joined: 6/25/2010
Posts: 415
Elder wrote:
RVP wrote:
Agreed. Good news for exporters. I can confirm :)


Wish it could hit 90, even 100.


I don't mind it hitting 90 or 100 but its not good for the country..fuel costs will go through the roof.
It's not hard to make decisions when you know what your values are.
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